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AMINES & PLASTICIZERS LTD

NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MARCH 201 9
InterestRateRisk

Interest rate risk is measured by using the cash flow sensitivity for changes in variable interest rates.Any movement in
the reference rates could have an impact on the Company’s cash flows as well as costs.The Company is subject to
variable interest rates on some of its interest bearing liabilities.The Company’s interest rate exposure is mainly related
toborrowingobligations.

The exposure of the company’s borrowing to interest rate changes at the end of the reporting period are as follows ( ` in lakhs)
Particulars As at 31st As at 31st
March,201 9 March,201 8
Long term fixed borrowing 2,388.82 1,381.51
Short term fixed borrowing - 176.21
Short term floating borrowing 4,332.41 2,920.40

6,721.23 4,478.12

Impact on Interest Expenses for the year on 1% change in Interest rate
Particulars As at 31st As at 31st
March,201 9 March,201 8
1% Increase in interest rates
Impact on P&L (Profit increased / (decreased) by) (43.32 ) ( 29.20)
1% Decrease in interest rates
Impact on P&L (Profit increased / (decreased) by) 43.32 29.20

CommodityPriceRisk

The main raw materials which the Company procures are to a great extent linked to the movement of crude prices
directly or indirectly.The pricing policy of the Company final product is structured in such a way that any change in
price of raw materials is passed on to the customers in the final product however,with a time lag which mitigates the
rawmaterialpricerisk.

Liquidityrisk

LiquidityRiskariseswhenthecompanyisunabletomeetitsshorttermfinancialobligationsasandwhentheyfalldue.
The company maintains adequate liquidity in the system so as to meet its all financial liabilities timely.In addition to
this,thecompany’soverallfinancialpositionisverystrongsoastomeetanyeventualityofliquiditytightness.

Maturity patterns of financial liabilities
Particulars As at 31st March,2019
Total With in 1 year above 1 year
Borrowings 6721.23 4637.95 2083.28
Trade Payables 7237.33 7237.33 0.00
Other financial liabilities 155.94 155.94 0.00

Total 14114.50 12031.22 2083.28

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NOTES TO THE ACCOUNTS